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British Home Stores (BHS), a prominent UK department store chain, collapses into administration after a failed last-minute rescue deal. With 11,000 employees, this is the largest failure on the UK's high street since Woolworths in 2008. The collapse highlights the challenges faced by traditional brick-and-mortar retailers in an evolving retail landscape impacted by changing consumer behavior and increased competition.
Sunday, 24 April, 2016